Saudi government agency receives top European award for quality

GAZT is taking several measures to boost its institutional performance and provide citizens the necessary support to fulfill their zakat and tax obligations. (File/AFP)
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Updated 19 August 2020

Saudi government agency receives top European award for quality

  • The General Authority of Zakat and Tax was awarded for its commitment to the standards of the European Institutional Excellence Model

The General Authority of Zakat and Tax (GAZT) has received a top European award for its commitment to the standards of the European Institutional Excellence Model.

The European Foundation for Quality Management (EFQM) awarded the authority the “Committed to Excellence 2 Star” award.

EFQM is a not-for-profit membership foundation in Brussels, established in 1989 to increase the competitiveness of the European economy.

GAZT Gov. Suhail bin Mohammed Abanmi said the authority is making all efforts to ensure best management practices and to raise the professional competence of its employees.

He said GAZT is taking several measures to boost its institutional performance and provide citizens the necessary support to fulfill their zakat and tax obligations without any hassles.

The authority recently received two certificates from the International Organization for Standardization (ISO) for affirming the effectiveness of quality control systems and for dealing with complaints and increasing customer satisfaction.

 


Tadawul index records highest close since July 2019 on Sunday

Updated 30 November 2020

Tadawul index records highest close since July 2019 on Sunday

  • Total trading reached $3.17 billion

Saudi Arabia’s benchmark Tadawul All Share Index (TASI) rose 0.2 percent, or 15 points, to end at 8,709 points on Sunday, the highest closing since July 2019.

Total trading reached SAR 11.9 billion ($3.17 billion), with the advance-decline ratio at 146:44.

SPIMACO rose 5.5 percent to SAR 43.05. The company signed a non-binding memorandum of understanding with German biopharmaceutical firm, CureVac, to provide COVID-19 vaccine in the Kingdom.

Electrical Industries closed 5.6 percent higher at SAR 24.26, as the firm completed the final phase of share buyback for SAR 7.2 million.

Naseej went limit up to close at SAR 33.

Oil giant Saudi Aramco fell 0.4 percent to SAR 35.75, while banking major Al Rajhi slipped 0.3 percent to SAR 74.

Blue chip SABIC edged down 0.3 percent to SAR 96.50.

Alandulas was the top decliner, shedding nearly 2 percent to SAR 21.08.

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